Sinking islands, rising debts
Think tank: IIED
Author(s): Ritu Bharadwaj; Tom Mitchell; N. Karthikeyan; Balakrishnan Ananda Kumar
September 13, 2023
This report from UK think tank IIED looks at the urgent need for comprehensive debt relief in Small Island Developing States.
Small Island Developing States (SIDS) are getting entrapped in financial quagmire due to climate impacts. This paper delves into the urgent financial plight of SIDS, examining the multifaceted challenges they face across social, environmental and economic domains. It argues for a comprehensive approach to debt relief, future protection, resilience investment and advisory support as necessary steps for the survival and sustainable development in these vulnerable regions.